HARDWOOD RECORD 



73 



bavo launched looking to higher rates Is regardi'd as a possible bullish 

 factor. 



^-< NASHVILLE >■- 



Business rules quiet In the hardwood market. Many of the dealers 

 have been taking inventories, and closed up the year in a satisfactory 

 manner. The hardwood business in the Nashville market is estimated at 

 J8.000.000 to $10,000,000 annually, and reports of dealers indicate that 

 ini3 business was as large as that of 1912. They are fairly well stocked 

 at present, supplies being about up to the average. Some business Is 

 being handled In oak. ash. poplar, chestnut and other lines, and while 

 values are not as strong as they were six months ago. most dealers 

 are not inclined to make concession*. 



=■< LOUISVILLE y- 



Though the railroads .nre not bujiug iit all. according to hardwood 

 concerns which specialize in that trade, and though purchases by furniture 

 manufacturers have been light on account of the shows still being on. 

 sentiment, which is the most important factor In creating trade conditions, 

 has Improved materially during the past few weeks. Inquiries arc more 

 numerous and new business is being booked. While the volume of trade 

 being handled is not exceptionally large, it is sufficient to show that con- 

 sumers are getting their stride and that the use of hardwoods is pro- 

 ceeding at such a rate that users will have to resume buying in order to 

 keep pace with their factory operations. Contracts have been made for 

 deliveries during 1914. and in most cases advances in the prices have 

 been recorded. Contract buyers are also specifying deliveries, so that 

 apparently the actual cutting up of lumber is going forward steadily. 

 The interior finish situation is also good, and the prospects in that direc- 

 tion are more favorable than they have been for months. Altogether, 

 lumbermen feel encouraged and :irf fitting ready to make 1014 a good year. 



=-< ARKANSAS y 



Though no material advances have been made in the hardwood market 

 of Arkansas during the past two weeks, the manufacturers of hardwood 

 throughout the state are entertaining great hopes for the future. The 

 Hardwood men are almost universally oplimi&tic over the outlook for 

 the present year. The indications are that 1914 will prove a prosperous 

 year in all lines, and the lumbermen in general expect better market 

 conditions. For the past several weeks the market on most items has 

 been decidedly low. scarcely no market being had for staves and heading. 

 The manufacturers of these last mentioned items are however continu- 

 ing to operate, and are storing their products for future sales. The 

 market for oak of the various grades continues to show unusual strength, 

 this being practlc.Tlly the only hardwood item for which there is much 

 demand at present. 



^■< MILWAUKEE y 



The hardwood market is beginning to show more activity, and whole- 

 salers are confident that a better business may be expected from now on. 

 While orders ara still coming In rather slowly, more Inquiries are being 

 made daily. Retailers about the state are beginning to think of getting 

 their stocks up in readiness for the spring trade, while the factory con- 

 suming trade is evincing more Interest. The realization that stocks in 

 first and second hands are unusually low and the fear that prices will go 

 higher, just as soon as the spring rush sets in. seems to have awakened 

 buyers that now is the time to place their orders. Wholesalers are 

 urging that buyers get in their orders as soon as possible, while there are 

 dry stocks available, while shipping facilities are of the best, and before 

 further advances are experienced. 



The mild weather, decidedly unfavorable to logging operations Is caus- 

 ing considerable concern to the lumber interests. A short period of cold 

 weather and a slight fall of snow was received in the northern lumber 

 country recently, but the weather turned warm again and logging opera- 

 tions are being Impeded seriously. Loggers and lumber concerns have 

 a large cut of logs lying in the woods, as camps all over the lumber 

 country were opened early last fall, but except In special instances, it 

 has been a difllcult matter to haul and skid the logs, so that shipments 

 to the mills have been curtailed. The lumber business was fairly good 

 last season and stocks were decreased in most Instances. It was gener- 

 ally conceded that the logging output would be large this winter, but It 

 now begins to look as though the cut would be smaller than usual. This 

 will surely mean a shortage of dry stocks and higher prices before the 

 spring building rush Is over with. 



Building operations In Milwaukee have been showing activity during 

 January, a natural result of the mild weatlier. Up to and including 

 January 17. the amount represented by permits Issued aggregated $232.- 

 458. as compared with an investment of .?I.'!0.231 during the corresponding 

 period of 1913. Permits will be placed soon for several structures, 

 ranging In cost from $100,000 to $300,000 each, while architects have 

 completed plans for the erection of the theatre, hotel and office structure 

 which will be started early next summer on the site now occupied by 

 the Planklngton Iiouse, and representing an Investment of $4,000,000. 



31rch and maple are In leading demand among the northern hard- 

 woods, while stocks In the hands of manufacturers are said to be light. 

 Plain oak seems to be the leader In southern woods. Box manufacturers 

 seem to be meeting with a rather slow business, which Is curtailing the 

 demand for low-grade hardwood. 



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